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Mary Can Take a Class That Costs $10,000

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Mary can take a class that costs $10,000. The class teaches her a skill that will only be useful during the second year after training. What must the minimum pay for the skill in the second year for Mary to take the class? She could alternatively invest the $10,000 and earn an annual rate of return of 20%.


Definitions:

Telecommuting

A work arrangement in which employees perform their job duties from outside the traditional office environment, often from home, leveraging digital technologies.

Visibility

The degree to which something is seen or recognized, often referring to how well an organization's actions, products, or services are perceived and understood by its audience.

Isolation

The state of being separated from others or the feeling of being alone and unsupported, which can occur in both physical and social contexts.

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